Medical Marijuna Business Information
Medical Marijuana Business Applications Demand
For immediate release, July 9, 2010:
The state of Colorado has released its new state medical marijuana
licensing applications. There are two lengthy applications, one
for Medical Marijuana Businesses and one for Medical Marijuana Associated
Persons. Licensing fees range anywhere from $7,500 to $18,000 with
an additional $1,250 for every grow facility operated by a medical
marijuana center. The application was developed by a new entity
called the Medical Marijuana Enforcement Division within the Colorado
Department of Revenue. Click here to download the applications from
their new website:
According to attorney Jeff Gard, the applications "are quite
detailed, require substantial support documentation" and both
the applications and fees are due by August 1, 2010. Click here
for CTI's Attorney Referral List if you need legal counsel.
In addition to being lengthy, the applications require the applicant
to surrender all rights to confidentiality and privacy and to hold
the state harmless if the state should accidentally misuse the information.
The application contends that the "Medical Marijuana industry
in Colorado is one of the most scrutinized businesses in the state,
because Colorado citizens want the industry and everyone involved
in it free from even the hint of any corruption or deceit."
The applicant must authorize full financial, criminal, personal
background investigations. The applicant is also required to supply
their federal and state tax returns, copies of diplomas, divorce
decrees, bank statements, credit card statements, name and addresses
of all their children, employment history, details of all assets
(cash on hand, cash in the bank, stocks, bonds, real estate, and
investments), details of all debts, and fingerprints.
The Investigation Authorization form requires an applicant to "waive
any rights of confidentiality" and allow the state of Colorado
to "conduct a complete investigation" into the applicant's
personal, criminal or financial background "using whatever
legal means" the state deems appropriate. For instance, the
applicant must authorize "any financial institution to surrender
to the Investigatory Agencies a complete and accurate record of
such transactions that may have occurred with that institution,
including, but not limited to, internal banking memoranda, past
and present loan applications, financial statements and any other
documents relating to my personal or business financial records
in whatever form and wherever located."
The applicant must authorize the release of this type of information,
"even though such information may be designated as 'confidential'
or 'nonpublic' under the provisions of state or federal laws."
The applicant must also "hereby release, waive, discharge,
and agree to hold harmless, and otherwise waive liability"
to the state of Colorado "for any damages resulting from any
use, disclosure, or publication in any manner, other than a willfully
unlawful disclosure or publication, of any material or information
acquired during inquiries, investigations, or hearings, and hereby
authorize the lawful use, disclosure, or publication of this material
or information." So if the state of Colorado "accidentally"
gives all your private bank records and asset information to the
you can't sue them.
The Cannabis Therapy Institute led the opposition to HB1284, the
state law enacted in June that allows the Department of Revenue
to set whatever rules it wants to govern the medical marijuana program.
We believe the flaws in the current law are too numerous to fix,
so we have proposed the Legalize 2012 project. This ballot initiative
will allow cannabis use by all adults,
thus alleviating the problems for patients created by the current
Please donate today!